CIM Subsequent Borrowing Availability
Company: Applied Digital
The claim, verbatim
Promissory Note allows subsequent borrowings of up to $110 million subject to satisfaction of certain conditions
Source (primary)
Applied Digital 424B5 filed 2024-06-17 (SEC EDGAR, sec_filing)
View cached copy (2026-08-31)Live source ↗
Quote: “subsequent borrowings of up to $110 million which will be available subject to the satisfaction of certain conditions”
How we checked this
Checked on September 18, 2026. The cited source supports every part of this claim.
The filing states that subsequent borrowings of up to $110 million are available subject to certain conditions.
Confirmed in the source:
- The CIM Promissory Note allows subsequent borrowings of up to $110 million
- Those subsequent borrowings are subject to the satisfaction of certain conditions
What we did: Read our cached copy of SEC EDGAR (https://www.sec.gov/Archives/edgar/data/1144879/000114487924000167/a06142024ciminitialwarrant.htm) in full (130,571 characters, retrieved August 31, 2026) and checked each assertion in the claim against it.
Additional evidence
confirms Applied Digital 424B5 filed 2024-06-17
Quote: “subsequent borrowings of up to $110 million which will be available subject to the satisfaction of certain conditions”